Adding a New Account

You must assign an account structure code to each new account. The account structure code verifies the account number when you enter it, and determines how the number is displayed in windows and printed on reports.

You set up segment validation rules using the Segment Codes screen in the G/L Setup folder.

To add a new account to the General Ledger:

1. Open General Ledger > G/L Accounts >  Accounts.

2. In the Account field, type the new account number, and then press the Tab key.

   You can type account numbers with or without the delimiter character used to separate account number segments.

   Tip: If you add another account immediately after finishing these steps, click the New icon to refresh the screen so that you can enter new information.

3. Enter a description for the account.
4. Fill in the fields on the Detail tab, as follows:
   1. If you have more than one segment in your account numbers, use the Finder for the Structure Code field to choose the account structure that matches the segments in the account you are adding.
   2. In the Normal Balance field, specify whether this account normally has a debit or a credit balance.
   3. In the Account Type field, select Income Statement, Balance Sheet, or Retained Earnings for this account.
   4. If you use account groups, use the Finder for the Account Group field to select the account group.

   5. In the Post to Account field, select Detail, Consolidated, or Prohibited.

      Note: You cannot post to a prohibited account.

5. Select the following additional options on the Details tab, and fill corresponding tabs, as needed:

   1. If you want to allocate balances from this account automatically, select the Auto Allocation option, and then fill out the Allocation tab that appears.

      Important! To allocate balances by quantity, you must also select the Maintain Quantities option for all accounts associated with the account allocation, and ensure that they all use the same unit of measure.

   2. If this is a control account, select the Control Account option. Then, on the Subledger tab that appears, specify the subledgers that use the account.
   3. If this is a multicurrency account, select the Multicurrency option. Then, on the Currency tab that appears, specify:
      • The currencies that can be posted to the account.
      • Whether the account is subject to revaluation.
   4. To designate an account as a rollup account, select the Rollup option. Then add member accounts on the Rollup tab that appears. (For more information, see Adding a Rollup Account.)
6. If you use optional fields:
   • Use the Optional Fields tab to specify the optional fields to use for additional information you want to store with the account.
   • Use the Trans. Optional Fields tab to specify the transaction optional fields and their default values to use in details you post for this account.
7. When you have finish adding required information on all the tabs, click Add, or click Save.

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